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AMD's Q2 Earnings: 9 Analysts Remain Positive On Long-Term Prospects, AI Optimism Tempered By Cost Concerns

Benzinga ·  02:26

Advanced Micro Devices, Inc.(NASDAQ:AMD) saw its shares surge in its stock price following its second-quarter earnings report, which exceeded expectations.

The semiconductor giant reported earnings of $0.69 per share, surpassing the consensus estimate of $0.68, and sales of $5.835 billion, also ahead of the $5.724 billion forecast.

Here's how analysts from top firms reacted to AMD's latest performance.

BofA Securities: Cautious Optimism Amidst Rising Costs

BofA Securities analystVivek Aryamaintains a Buy rating but revises the price target down to $180 from $195.

Arya praises AMD's performance, highlighting strong AI investments and recovery in PC/server markets. However, he...

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